2026 (5) TMI 1756

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....ee Represented : Shri C. Subrahmanyam, CA For the Department Represented : Shri CVA Rama Rao, Sr.AR ORDER PER S.S. VISWANETHRA RAVI, JM: This appeal by the assessee against order dated 21.11.2024 passed by the Commissioner of Income Tax (Appeals)/ADDL/JCIT(A), Panaji [hereinafter in short "Ld. CIT(A)"] for the A.Y. 2017-18. 2. We find this appeal was filed with a delay of 132 days. ....

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....of income. According to A.O the said notice was served on the assessee but no return of income filed and the assessee filed information such as Trading Account, profit and loss account, Income & Expenditure Account, balance sheet as on 31.03.2017, comparative statements of cash deposits and cash sales were furnished in response to the show-cause notice dated 11.06.2019. Further, according to A.O, ....

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.... 7. The Learned Departmental Representative, Shri CVA Rama Rao, Sr.AR [hereinafter in short "Ld. DR"] reported no objection. 8. Having heard both the parties and on perusal of the record, we note that no return of income was filed by the assessee under the relevant provisions under section 139 of the Act. The A.O issued notice under section 142(1) of the Act calling for return of income, but ....